Retail traders using digital assets to settle leveraged contracts would gain the same safeguards as cash-settled traders under ASIC’s proposed changes to crypto CFD regulation in Australia. The Australian Securities and Investments Commission put forward the changes on October 12, alongside a request to extend protections after retail CFD losses exceeded $458 million in the 2023–24 financial year.

Key takeaways

• ASIC wants qualifying digital asset-settled CFDs covered by existing retail safeguards.
• Retail CFD losses included $73 million in fees in 2023–24.
• Certain fixed-expiry crypto futures and options would stay outside the order.
• Public feedback closes on November 9.

According to crypto.news, the proposal would broaden the…